Is Wall, N.J.-based Centennial Communications next on the block?
At the end of February, Centennial had about 1 million subs in
six states and Puerto Rico. In that period, the carrier lost $1.3
million on $229.1 million of revenue. Its customers spent about
$66 per month on service, about $16 more than AT&T and
Verizon pull monthly, but its churn, which measures the
percentage of customers who leave the company every month, was a
bit high at 2.4%.

Centennial mostly operates using the GSM network technology,
meaning it would best fit with AT&T or T-Mobile's networks,
but don't necessarily count out CDMA bidders like Verizon, Sprint
or Alltel. Investors certainly seem to think someone is going to
buy it: Since the company's 52-week low last fall, the stock has
more than doubled, giving it a $1.1 billion market cap.